1. Read the following scenario and answer the question in 5-10 sentences.

1 answer:

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<h2>You can enroll your business and employees with the following insurance viz. </h2><h2>Commercial property insurance, business interruption coverage, inland marine insurance, equipment breakdown insurance, Workers compensation insurance, etc.</h2>

Explanation:

Let us understand why insurance is required in Furnishing manufacturing company.

Has both valuable properties as well as flammable substances
Employees use heavy machines and sharp tools

So both the employees as well as property is at risk. So we must enroll ourselves in insurance to manage the damages.

Commercial property insurance: To protect the building and other materials inside it.
Business interruption coverage: This supports us to pay when the work could not be proceeded due to damage caused.
Inland marine insurance: This is used to recover from the loss incurred when the product is shipped.
Workers compensation benefit: To support the workers when an injury happens or sudden loss of death which happened inside the company premises.

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